DAX fell more than 1%

On Thursday, DAX fell 1.2% and traded near the 18165 level, the first low in over a month.

Infineon (-6.5%), Siemens Energy (-3.2%), Deutsche Bank (-3.2%), etc. dropped drastically.

The automobile sector was also under pressure because financial results between Stellantis and Renault were disappointing.

VW, Porsche AG, and BMW all fell 2.2%.

On the data side, Germany's Ifo Business Confidence Index unexpectedly declined as pessimistic views on the German economy intensified.